Massachusetts Real Estate License Practice Test

What typically defines the term 'community living' in condominiums?

1. Shared ownership of the property

2. Individual ownership with shared amenities

3. Complete independence from neighbors

4. Rental agreements with management

The correct answer is: Individual ownership with shared amenities

The term 'community living' in condominiums is best defined by the concept of individual ownership with shared amenities. In a condominium setting, residents own their individual units privately while collectively sharing ownership of common areas and amenities such as recreational facilities, landscaping, and infrastructure. This arrangement fosters a sense of community among residents, as they interact and share responsibilities for the maintenance and enjoyment of these shared spaces. Since condominiums operate under a structured association that governs the rules and regulations for communal areas, individual owners have the benefit of privacy within their units while also contributing to and enjoying the shared resources and community atmosphere. Community living is not characterized by complete independence from neighbors, as the nature of condominium living involves close proximity and interdependence among residents. It also does not involve rental agreements, which pertain more to leasing rather than ownership structures. Shared ownership of the property generally applies to cooperatives or other forms of collective ownership rather than the individual ownership model prevalent in condominiums.